The new, upscale Bugatti Residences for affluent purchasers are revealed by Dubai’s Binghatti.
According to the CEO of Binghatti, the ultra-luxurious houses in Dubai are nothing less than a “megaproject.”
The famed French luxury vehicle manufacturer Bugatti has teamed up with Binghatti, a well-known UAE real estate developer, to introduce the world’s first Bugatti Residences, a vision that will redefine exquisite living.
This groundbreaking initiative, which was unveiled on Wednesday, aims to bring a hitherto unseen level of grandeur and sophistication.
However, the apartments are intended to attract “ultra-high-net-worth individuals,” according to Muhammed Binghatti, the visionary CEO of Binghatti, in an exclusive interview with Arabian Business.
The Bugatti Residences by Binghatti will feature an exceptional range of two-, three-, and four-bedroom penthouses with 182 units spread across an amazing 43 stories, each emblazoned with names that evoke the charm of historic locations like Cannes, St. Tropez, and Monaco. The external curves of the homes were also influenced by the dunes in Dubai and the waves along the French Riviera.
There will be 11 Sky Mansion Penthouses and 171 Riviera Mansions in the Bugatti Residences. Residents can also benefit from opulent amenities like a beach with a Riviera theme, a private pool, a restorative jacuzzi spa, an upscale chef’s table, customized valet services, a private members club, and two cutting-edge car lifts that connect the garage to the penthouse.
The homes will be located in the Downtown Dubai and Business Bay sectors, which together make up the “heart of Dubai,” despite being an ode to the French Riviera.
Additionally, each exquisitely designed apartment in this architectural marvel promises a one-of-a-kind experience, complete with a private pool and other amenities that entice inhabitants to enjoy leisurely moments of quiet.
Rimac added that the homes will include custom-made Bugatti furniture that exudes the brand’s signature design aspects, like the renowned “C-line” for furniture and the elegant “horseshoe” pattern, among others. This will further enhance the appeal of these extraordinary homes.
“We were so keen to do this partnership with Bugatti because Bugatti has been dominating the automotive industry for over a century. And it’s been dominating it because of its consistent conception of the incomparable and I think that’s very synonymous with our vision as a developer,” Binghatti said.
The homes will be located in the Downtown Dubai and Business Bay sectors, which together make up the “heart of Dubai,” despite being an ode to the French Riviera.
Additionally, each exquisitely designed apartment in this architectural marvel promises a one-of-a-kind experience, complete with a private pool and other amenities that entice inhabitants to enjoy leisurely moments of quiet.
Rimac added that the homes will include custom-made Bugatti furniture that exudes the brand’s signature design aspects, like the renowned “C-line” for furniture and the elegant “horseshoe” pattern, among others. This will further enhance the appeal of these extraordinary homes.
The ultimate objective of the real estate developer, according to Binghatti’s further explanation, has always been to “defy the conventional.” He continued by saying that this new action was crucial in helping Bugatti “level up” to collaborate with household names like Bugatti.
With prices ranging from $1.9 million to $12 million, Bugatti cars have developed a reputation as some of the most expensive automobiles on the planet. The corporation is now extending this opulent notion to real estate, broadening its sphere of influence beyond the automobile sector and giving people the chance to live in luxury every day.
Mate Rimac, the creative CEO of Bugatti Rimac, exuded unrelenting enthusiasm as he declared that this remarkable cooperation was nothing less than “special.”
Rimac emphasized that this historic cooperation is an unprecedented step towards constructing an upgraded realm of luxury, beyond the traditional bounds of customer experience to embrace the very essence of a refined lifestyle. This is a testament to the brand’s unwavering devotion.
According to Binghatti, the homes are intended for the nation’s ultra-high net worth elite.
According to a recent estimate by real estate firm Unique Properties, Dubai’s real estate market is on a “trajectory” to hit AED300 billion in sales this year thanks to a 62 percent increase in high-net-worth individuals (HNWIs) between 2012 and 2022.
As more people move to the emirate, Dubai, which is currently home to over 68,400 HNWIs, has seen an increase in buyers. According to reports, Russians are now the largest buyers on the real estate market, surpassing Europeans.
The emirate’s management of the epidemic, as well as its convenient location, tax incentives, and supportive policies, among other factors, all contributed to the expansion. The real estate industry in Dubai is expected to rise by 46 percent in 2023 as a result of all of these reasons.
